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Market Vectors Coal (KOL) Red Hot

Wed, 20 May 2009 16:48:00 GMT

Coal was one of our best performing sector groups in latter 2007 through summer 2008. While much of the focus of late has been on natural gas, the coal stocks have been ripping in even larger magnitude. I was a bull on coal over natural gas (although the market in its student body left trading simply moves all commodities together) because of the portability of coal over natural gas. We were early on this theme as the market was so focused on oil stocks at the time, and made a lot of money (Dec 6, 2007: Coal Stocks Quietly in Bull Market) I wrote a bevy of pieces about this 1.5 years ago... but again, the market is not very granular nowadays; it likes big sweeping themes that are simple: i.e. commodities good. I have a litany of posts on just about[More...]

Chesapeake Energy (NYSE:CHK): Upgraded To Overweight At Morgan Stanley

Tue, 12 May 2009 11:39:40 GMT

Morgan Stanley is upgrading Chesapeake Energy (NYSE:CHK) to Overweight from Equal-weight with a $34 tgt. CHK is levered to the 2010 recovery in natural gas prices; Morgan Stanley expects the shares to remain “gas beta” near term. Beyond their view of improving natural gas fundamentals, they see merit to CHK’s operating plan and expect the strategy to support outperformance. CHK is focusing on the lowest-cost US resource plays and has secured capital from partners to accelerate development. Firm sees improving capital efficiency and accelerating production and reserve growth in 2010/11 as a result. The market is concerned about follow through, and therein lies the opportunity. They see attractive relative valuation at a ~25% discount on 2010e unhedged EV/EBITDA and a ~18% discount to NAV at strip pricing. [More...]

Long Picks For Monday

Sun, 03 May 2009 16:34:38 GMT

The major index charts remain in solid rising trends for now. On a fundamental level, I continue to think this rally has been built on TARP money, short covering, and unrealistic hopes on the economy. Although corporate earnings have exceeded estimates, in the end earnings remain poor. Overbought sectors such as retail, restaurants, real estate, and financials need to contend with a still-deteriorating economic picture. That being the case, I am choosing to remain patient with a majority of short positions while actively trading the long side as long as the rally continues. [More...]

Earnings Preview for Feb 9-13 - Earnings Preview

Fri, 06 Feb 2009 18:52:00 GMT

Activision Blizzard Inc. (ATVI) could top expectations. IntercontinentalExchange, Inc. (ICE) and Terex Corporation (TEX) could miss. Though nearly 400 companies are scheduled to report, traders are going to keep a close eye on Washington. Treasury Secretary Timothy Geithner will announce a revised bank bailout plan on Monday. This plan could include the creation of a bad bank to absorb distressed debts (what TARP was[More...]

AP: Recession Resistant Coal Feels the Squeeze

Tue, 03 Feb 2009 18:49:00 GMT

Coal was one of our biggest winners in late 2007 thru mid 2008. Until HAL9000 (the quant fund computer who treats all commodity stocks the same) took over, I used to have a thesis that on a RELATIVE basis fertilizer and coal would outperform commodities as a whole - because after all, heat and food are relatively inelastic demands a human would prefer to have. HAL blew my thesis up. I'm gobsmacked (love those English terms) at the charts in this group - worst of breed, best of breed, metallurgical, thermal - doesn't matter. Weapons of mass capital destruction. We own one that has held up well but only on a RELATIVE basis... i.e. instead of losing all 4 limbs, it's only lost 3. Nine months ago you wanted companies who had unsigned contracts so that you could benefit from[More...]

Jobless Friday

Fri, 09 Jan 2009 14:22:00 GMT

The jobs report came in at 524,000 lost for December, in line with estimates that were revised lower following ADP’s back breaker of a number on Wednesday. Unemployment stands at 7.2% and there were downward revisions (more losses) to the October and November numbers. Futures ticking up following the news as many feared it could (...)[More...]

Periodicals Wrap-Up for Thursday, August 21

Thu, 21 Aug 2008 13:46:00 GMT

BLOOMBERG: Temasek Holdings may consider increasing its stake in Merrill Lynch (MER), Temasek’s chairman said. FINANCIAL TIMES: Lehman Brothers (LEH) reportedly held secret talks to sell a stake of up to 50% in itself to Korean or Chinese entities earlier[More...]

Wilbur Ross Believes M&A Activity in Coal Will be Unprecedented in Next 12 Months

Sat, 19 Jul 2008 16:45:00 GMT

First, thanks for a reader for highlighting this story.[More...]

Periodicals Wrap-Up for Thursday, June 26th

Thu, 26 Jun 2008 14:10:57 GMT

Anheuser-Busch (BUD) is going to turn down InBev’s unsolicited $46.35B takeover offer and that may come before week’s end, the Wall Street Journal reported. InBev is then expected to pursue a hostile takeover and Anheuser will say the offer undervalues[More...]

Energy : Investing In Energy Stocks And More…

Sun, 22 Jun 2008 19:59:34 GMT

Q: “Please comment on Suntech Power Holdings. Comparing STP with KHD Humboldt Wedag, which is the better investment at this time?” Suntech Power Holdings (STP: NYSE) has taken us on a wild ride since we added it in January 2007. Its stock price more than doubled toward the end of 2007. Then the stock dropped steeply with the market meltdown in early 2008. The stock is up about 15% overall in the past 16 months or so.Long term, I think that Suntech is a good investment with great potential. The world is building out its solar infrastructures, especially in Asia, where Suntech focuses its solar business.It’s no secret that fossil fuels are scarce and expensive. This has been good for the likes of CONSOL Energy (CNX: NYSE) and Foundation Coal Holdings (FCL: NYSE). But the environmental issues for coal and other hydrocarbons are profound. People are getting worried about carbon dio[More...]

Coal company to keep headquarters in Southwest Va.

Thu, 12 Nov 2009 07:46:00 GMT

Nov. 12--Coal producer Alpha Natural Resources chose to build a new corporate headquarters in Bristol for economic reasons and to stay close to its roots in rural Southwest Virginia, its chief executive officer said.
The company said yesterday that it plans to open a new headquarters building in Bristol's Sugar Hollow Business Complex by 2011, bringing 69 jobs to Virginia.
The decision stems from Alpha's $1.4 billion, all-stock acquisition in August of Linthicum Heights, Md.-based Foundation Coal Holdings.

: iStockAnalyst.com Symbols Feed

Market Vectors Coal (KOL) Red Hot

Chesapeake Energy (NYSE:CHK): Upgraded To Overweight At Morgan Stanley

Long Picks For Monday

Earnings Preview for Feb 9-13 - Earnings Preview

AP: Recession Resistant Coal Feels the Squeeze

Jobless Friday

Periodicals Wrap-Up for Thursday, August 21

Wilbur Ross Believes M&A Activity in Coal Will be Unprecedented in Next 12 Months

Periodicals Wrap-Up for Thursday, June 26th

Energy : Investing In Energy Stocks And More…

Coal company to keep headquarters in Southwest Va.

CEOs Paid More Even As Profits Fall: Debate Swirls As Most of the Area's 10 Top-Earning CEOs Receive Higher Compensation During a Recession That Has Dragged Down Many Companies' Stock Prices and Profitsf

Alpha completes takeover of rival Foundation Coal

Alpha completes takeover of rival Foundation Coal

The Baltimore Sun Jay Hancock Column: Coal Firm Fight Sheds Light on Energy, Environment, Economy

AEP to Exit Clean-Coal Project

Alpha Execs Hopeful Coal Will Have A Future

Stocks Finish Mixed - May 13 2009 10:55AM

EDITORIAL: Alpha Merger

Alpha Merger Creates 3rd-Largest U.S. Coal Producer

Alpha Natural Resources and Foundation Coal Holdings Complete Merger, Creating One of America's Largest Coal Producers

Standard & Poor's annonce des modifications a certains indices canadiens S&P/TSX

Foundation Coal Announces Second Quarter 2009 Results

Alpha Natural Resources Announces Results for Second Quarter 2009

RiskMetrics Group Reaffirms Its Support of Alpha Natural Resources Merger With Foundation Coal

Glass Lewis & Co. Recommends Alpha Shareholders Vote for the Merger With Foundation Coal

After Reviewing New Proxy Material of Alpha Natural Resources, Duquesne Capital Management Will Vote Against Proposed Merger With Foundation Coal Holdings

Duquesne Capital Management to Vote Against Proposed Merger of Alpha Natural Resources and Foundation Coal Holdings

Foundation Coal Announces Asset and Coal Reserve Exchange

Foundation Coal Announces Availability of 2009 Second Quarter Financial Results

Form 4 Pack A Scott Jr For: Mar 17 (10K)

Form 4 Kost Kurt D For: Mar 17 (10K)

Form 4 Kost Kurt D For: Feb 28 (10K)

Form 4 Pack A Scott Jr For: Feb 28 (10K)

Form 4 Foundation Coal Holdings For: Oct 24 Filed by: CROWLEY WILLIAM J JR (10K)

Form 4 Foundation Coal Holdings For: Aug 21 Filed by: Pack A Scott Jr (10K)

Form 4 Foundation Coal Holdings For: Aug 06 Filed by: Scharp Robert C (10K)

Form 4 Foundation Coal Holdings For: Aug 01 Filed by: Walker Greg A (10K)

Form 4 Foundation Coal Holdings For: Jun 09 Filed by: Bryja James J (10K)

Form 4 Foundation Coal Holdings For: Jun 06 Filed by: Bryja James J (10K)